CPG stock: buy or sell?
September 20th, 2019
Crescent Point Energy Corp. acquires, explores, develops, and produces light and medium oil and natural gas properties in Western Canada and the United States.
Should I buy CPG stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Crescent Point Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Crescent Point Energy stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we collected 12 ratings published for CPG stock in the last 30 days. The general sentiment of these ratings is bullish for CPG stock, with 5 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-5||National Bank Financial||n/a||Outperform|
|2019-9-4||Royal Bank of Canada||n/a||Sector Perform|
|2019-9-4||Raymond James||n/a||Market Perform|
|2019-9-4||BMO Capital Markets||n/a||n/a|
|2019-9-16||BMO Capital Markets||Market Perform||Outperform|
|2019-7-18||Royal Bank of Canada||n/a||Hold|
|2019-1-7||BMO Capital Markets||Hold||Average|
CPG stock analysis
Crescent Point Energy raised a nice 1.30% and closed at $4.68.
Shares of Crescent Point Energy raised a nice 1.30% and closed at $4.68. Since price and SMA200d lines crossed up on September 3rd, CPG climbed $1.53 (48.57%). Since SMA100d and SMA200d crossed up on August, CPG price climbed $1.38 per share (41.82%). From a daily perspective, CPG is in a short term uptrend after plotting its last bottom ($2.87, on August/27) higher than the previous bottom, and its last top ($4.76, on Monday) also over the previous top. Now trading in between its last bottom and last top CPG might consolidate in a plain range, waiting to break out over $4.76 or down under $2.87.
Crescent Point Energy shares skyrocketed 9.09% this week, ending at $4.68. For 5 weeks in a row, price soared and marked a profit of 54.34%.
Weekly chart tells us that price finally broke over the resistance at $3.46 and continued climbing. Since price and SMA40w lines crossed up early September, CPG climbed $1.53 (48.57%). Since mid July when SMA20w and SMA40w crossed up, CPG price gained $1.33 per share (39.70%).
CPG stock price history
CPG IPO was on July 21st, 2006 at $6.78 per share1. Since then, CPG stock lost a -31.00%, with a yearly average of -2.40%.
1: Adjusted price after possible price splits or reverse-splits.
CPG stock historical price chart
CPG stock reached 52-week highs on October at $6.43, and all-time highs 2014-07-01 with a price of 31.89.
CPG stock price target is $5.50Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 2 price predictions for Crescent Point Energy stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-18||Royal Bank of Canada||Reiterates||n/a||$6.00||-|
|2019-1-7||BMO Capital Markets||Reiterates||n/a||$5.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareCrescent Point Energy let down analysts on March when it posted an Earnings per Share (EPS) of $-0.02 when the market consensus was $0.09.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an exceptional increase of 17.29% to $3,320.50 M dollars. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) collapsed a -74.43% to -78.81%.
|2013||$2,880 M||-||$145 M5.0%||-|
|2014||$3,460 M||20.14%||$509 M14.7%||251.25%|
|2015||$2,364 M||-31.67%||$-870.20 M-36.8%||-271.00%|
|2016||$2,185 M||-7.60%||$-932.70 M-42.7%||7.18%|
|2017||$2,831 M||29.58%||$-124.00 M-4.4%||-86.71%|
|2018||$3,321 M||17.29%||$-2,616.90 M-78.8%||2,010.40%|
Quarterly financial resultsCrescent Point Energy posted $671.50 M in revenues for 2018-Q4, a -26.29% decline compared to previous quarter. Reported quarter earnings marked $-2,390.50 million with a profit margin of -355.99%. Profit margin plummed a -359.34% compared to previous quarter when profit margin was 3.35%. When comparing turnover to same quarter last year, Crescent Point Energy sales marked a bloodcurdling correction and plunged a -13.27%. Looking back to recent quarterly results, Crescent Point Energy posted 2 negative quarters in a row.
|2017-Q1||$693 M||-||$119.40 M17.2%||-|
|2017-Q2||$693 M||-0.04%||$83.60 M12.1%||-29.98%|
|2017-Q3||$652 M||-5.83%||$-270.60 M-41.5%||-423.68%|
|2017-Q4||$774 M||18.72%||$-56.40 M-7.3%||-79.16%|
|2018-Q1||$806 M||4.12%||$-90.70 M-11.3%||60.82%|
|2018-Q2||$932 M||15.61%||$-166.20 M-17.8%||83.24%|
|2018-Q3||$911 M||-2.24%||$30.50 M3.3%||-118.35%|
|2018-Q4||$672 M||-26.29%||$-2,390.50 M-356.0%||-7,937.70%|
Crescent Point Energy ownershipWhen you are planning to invest in shares of a company, it's worth to have a look its ownership structure.
Crescent Point Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.68% of all shares.
In case of Crescent Point Energy stock, 42.42% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CPG stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$2.6 B||$937.3 M|
|Total shares||547.6 M||557.9 M|
|Float shares||545.9 M||551.2 M|
|- Institutional holdings (%)||42.4%||29.8%|
|- Insider holdings (%)||0.7%||1.0%|
|Shares in short selling||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$4.62 - $4.75|
|Average true range||$0.24|
|50d mov avg||$3.38|
|100d mov avg||$3.39|
|200d mov avg||$3.29|
Crescent Point Energy performanceTo better understand Crescent Point Energy performance you must becnhmark its gains with other related stocks in same sector or industry. For Crescent Point Energy, the comparison is made against Array.
|CPGCrescent Point En...||41.39%||42.25%||-21.61%|